This report provides a critical analysis of the external reporting practices of the Westpac Group, one of Australia's largest banking institutions. The analysis begins with an overview of the environmental and social effects of Westpac's operations, examining both positive contributions, such as financial programs and green energy projects, and potential negative impacts related to increased consumption and industrialization. The report then delves into the quality and depth of Westpac's environmental and social performance, discussing the challenges faced when applying the GRI framework and evaluating the potential benefits of compliance for stakeholders. Part B of the report outlines a strategic initiative, including a short internal briefing document, a balanced scorecard with key performance indicators across financial, customer, internal processes, and learning perspectives, and an evaluation of the initiative using break-even analysis to assess product viability. The conclusion summarizes the key findings and implications of the analysis.